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Indian River County, Florida
<br /> Board of County Commissioners
<br /> Statement of Net Assets
<br /> Proprietary Funds
<br /> September 30, 2002
<br /> ' Business-type Activities-
<br /> Enterprise Funds Governmental
<br /> Solid Waste Other Activities
<br /> ' Disposal Golf County Enterprise Internal
<br /> District Course Utilities Funds Total Service Fund
<br /> ASSETS
<br /> Current assets :
<br /> ' Cash and cash equivalents $ 8723406$ 60 , 489$ 28 , 0225396$ 395889035$ 39 , 9051726$ 7 , 284 , 916
<br /> Accounts receivable - net 2135241 1 , 137 251005047 2 , 314 , 425 58 , 534
<br /> Due from other governments 745151 900 83 , 151 63 , 287
<br /> Interest receivable - 839 , 459 - 8391459 -
<br /> ' Inventories 53 , 236 594 , 871 25 , 979 674 , 086 725382
<br /> Deposits 125 125 402
<br /> Total current assets 83522 , 198 123 , 862 31 , 5561773 3 , 614 , 139 43 , 8161972 714792521
<br /> Restricted assets :
<br /> Cash and cash equivalents 10 , 1825480 44 , 031 27 , 4421382 107 , 440 37 , 7761333
<br /> Investments - 539 , 576 - 539 , 576
<br /> Impact fees receivable 1 , 7061650 1 , 7065650
<br /> Special assessments receivable - 4 , 209 , 314 - 41209 , 314
<br /> Total restricted assets10 , 182 , 480 583 , 607 33 , 358 , 346 107 , 440 44 , 231 , 873
<br /> ' Non-current assets : -
<br /> Liens receivable 113 , 420 1135420
<br /> Unamortized bond costs 1005949 798 , 004 8985953
<br /> Intangible assets 89 , 617 605000 1491617
<br /> Capital assets
<br /> Property, plant and equipment 24 , 311 , 191 95057 , 519 2322563 , 338 1 , 708 , 361 2671640 , 409 4553070
<br /> Less : Accumulated depreciation (7 , 3841253 ) ( 1 , 617 , 040 ) ( 73 , 169 , 744 ) ( 266 , 776 ) ( 82 , 437 , 813 ) (4295276 )
<br /> Total non-current assets 17 , 016 , 555 79541 , 428 1605365 , 018 15441 , 585 186 , 364 , 586 253794
<br /> ' Total assets 35 , 7219233 85248 , 897 225 , 280 , 137 5 , 163 , 164 274 , 413 , 431 7 , 5053315
<br /> LIABILITIES
<br /> Current liabilities (payable from current assets):
<br /> Accounts payable 706 , 399 151 , 916 469 , 536 52 , 814 1 , 38005 2673919
<br /> Claims payable - 4 , 261 , 000
<br /> Due to other governments 92360 51931 45780 20 , 071
<br /> Deferred revenues 23 , 034 233034
<br /> Total current liabilities (payable from current assets) 706 , 399 184 , 310 475 , 467 57 , 594 1 , 423 , 770 41528 , 919
<br /> ' Current liabilities (payable from restricted assets ) : -
<br /> Accounts payable 653 , 702 653 , 702
<br /> Retainage payable 52 , 110 383 , 039 4353149
<br /> Accrued interest payable - 29 , 882 3359166 - 3655048 -
<br /> ' Bonds payable - 375 , 000 1 , 7651000 2 , 14000
<br /> Closure and maintenance costs payable 6 , 7751168 6 , 775 , 168
<br /> Customer deposits 60 , 200 1 , 851 , 290 107 , 440 2 , 0181930
<br /> Total current liabilities (payable from restricted assets) 6 , 887 , 478 404 , 882 4 , 9881197 107 , 440 12 , 387 , 997
<br /> ' Non-current liabilities :
<br /> Accrued compensated absences 1129289 659496 327 , 009 92 , 692 5975486 59 ,238
<br /> Advance from other funds 625 , 000 625 , 000
<br /> Bonds payable - net of unamortized discount - 6 , 5283617 701529 , 338 - 771057 , 955
<br /> ' Total non-current liabilities 1129289 7 , 219 , 113 701856 , 347 92 , 692 78 , 280 , 441 59 , 238
<br /> Total liabilities 7 , 706 , 166 7 , 808 , 305 76 , 320 , 011 257 , 726 92 , 092 , 208 4 , 588 , 157
<br /> NET ASSETS
<br /> Invested in capital assets, net of related debt 163926 , 938 5361862 875099 , 256 1 , 441 , 585 1065004 , 641 25 , 794
<br /> ' Restricted for:
<br /> Debt service 315250 147 , 083 178 , 333
<br /> Capital projects - 31 , 0009818 3100 , 818
<br /> Unrestricted 11 , 088 , 129 ( 1277520 ) 3037125969 31463 , 853 45 , 137 , 431 25891 , 364
<br /> Total net assets $ 28 , 015 , 067$ 440 . 592 $ 148 . 960 . 126$ 4 . 905 . 438 182 , 321 , 223 $ 2 , 917 , 158
<br /> The accompanying notes are an integral part of the financial statements .
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